Stay updated with breaking news from Ad network. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
And jon fortt making his way back from out west. You know why we cued the billy joel at the top, shares of twitter had their dose of honesty. Extending their losses, revenue up 61 in the quarter. Executives voiced concerns about user growth. Here is jack dorsey the interim ceo on last nights Conference Call. Chronic initiatives we mentioned in previous earnings calls like instant timelines and log dot experiences have not yet had meaningful impact on growing our audience or participation. This sun acceptable and were not happy about it. Joining us this morning from one market in san francisco, colin sebastian. Good morning. Good morning. People are noting the clash between last nights call and the media rounds they did in the prior quarter where they were enthusiastic about the game plan and about the product. Why the uturn . On one hand twitter is, theres a tale of to sides of twitter. On one hand, adam bains team, on the revenu ....
Snap has beaten up the social media stock. Scott devitt is injoing us by phone. Welcome back. Thank you for having me. This is a heavy call. People expected the stock to move lower why today with this move the lockup expiration i think is more and more internet cops have become public over the past five, six, seven years. Investors have become more educated on timing and pricing in the incremental supply and snap has been responding to the upcoming lockup expiration for some time now. But its important to note that its not just about the lockup operation. There has to be a fundamental story behind the stock and were more favorable right now. People are growing more conscious at a time when you seem to be growing more optimistic based on what metric we track things at downloads and engagement which is disclosed by the company and our view is that the narrative thats been created by instagram, Facebook Messenger continuing to ad ....
Good tuesday morning. Welcome to squawk squawk alle. Happy holidays to both of you. Carl and john have the day off. To our top story, closing in on dow 20,000 yet again, market strategist. Tony, art cashin said that coming in on friday was a waste of car fare and clean shirt. How should we be thinking about volumes and momentum this week . First with respect to dow 20,000, items one of those numbers that of course the general public understands probably the most readily understood number that is spewed out from wall street is the unemployment rate. And that is of course widely recognized and widely understood. Right behind it probably is the dow jones trim average. So in terms of forging perceptions about the economy and the outlook for growth, Financial Markets how the dow fairs matters but of course its just a number. When you think about the day that that we got this morning on a surge of consume confidence and home prices r ....
Jim, josh brown, stephanie link, John Najarian and onset is kate moore, chief equity strategist at blackrock. You know what, kate, im going to do you first. We were going to start off talking about the momentum names which really have had a comeback of late. But as we approach 20,000 on the dow what are your thoughts on where we are in the market . I think were in a good place in the market. Not just because imen equity strategist but equities are the place to be in 2017 and that were getting greater recognition that the improvements and business sentiment, improvements in Consumer Confidence are well founded. I thought the jobs report today and average Hourly Earnings were pushing us in that right direction. I feel pretty good about both Economic Growth and t ....
Pruitt, who is the designate for the Environmental Protection agency, the Oklahoma Attorney general, who will also be who is also on the hill for his confirmation hearing today. Very, very busy week as we lead up to the inauguration on friday. Yep. Not just this, the president s going to speak, his final News Conference at 2 00. Janet yellen in San Francisco at 3 00. So its a packed afternoon as well as a packed morning. Lets get to john harwood in washington and see what youre seeing. Hey, john. Reporter carl, first of all, weve got 48 hours left before this inauguration, and donald trump is still trying to develop some political momentum heading into that day, pushing back this morning against reporting by nbc news, among others, that suggested that s ....